Unemployment in Latvia

Latvia Unemployment | Economic News & Forecasts

Latvia - Unemployment

The economy kicked into a higher gear in Q4 2018, accelerating from already solid third-quarter growth, although growth appears to have softened at the beginning of 2019. Comprehensive data confirmed that domestic demand led the overall expansion in Q4: Fixed investment surged in the quarter, while household consumption remained robust amid tightening labor market conditions and stable inflation. Turning to Q1 2019, industrial production contracted at the strongest rate in four years in January, amid slower manufacturing output growth and a marked contraction in the energy supply sector. Furthermore, retail sales growth remained somewhat subdued in the same month, likely weighed on by an uptick in unemployment. On top of that, economic sentiment fell to a seven-month low in February, as business confidence deteriorated in all major sectors.

Latvia - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate11.9  11.9  9.9  9.7  8.7  

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Latvia Unemployment Chart

Latvia Unemployment
Note: Unemployment in % of active population.
Source: Central Statistical Bureau of Latvia.

Latvia Facts

Bond Yield0.550.0 %Jun 30
Exchange Rate1.130.65 %Apr 22
Stock Market1,0170.17 %Apr 18

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